Overview

• President Donald Trump has rejected the EU’s compromise offers and is pressing for a minimum 15–20% reciprocal tariff on European imports according to the Financial Times
• EU negotiators remain firm on a 10–15% deal range even as U.S. officials push for higher duties in last-minute discussions ahead of the August 1 deadline
• Commissioner Maroš Šefčovič returned from Washington to update EU ambassadors on the stalled talks and said Brussels is open to postponing the deadline
• Brussels has drafted a third package of countermeasures targeting services and export controls ready to deploy if U.S. duties go ahead
• Italian industry groups warn that a 30% U.S. tariff combined with a 13% dollar depreciation could push effective duties above 40% and cut up to €38 billion in exports